Kean

Kinder Morgan Inc. (KMI) has placed the Gulf LNG (liquefied natural gas) export project on the backburner in favor of other growth opportunities, CEO Steve Kean indicated Wednesday during the firm’s analyst day.

Coming off a strong quarter of growth in its natural gas business, Kinder Morgan Inc. (KMI) remains poised to capture value from connecting the sources of supply and demand burgeoning on either side of Texas.

Kinder Morgan Inc. (KMI) may be looking to modify its existing Gulf Coast liquefied natural gas (LNG) import terminal in Jackson, MS, to accommodate exports, but the midstream operator knows its “very low risk and high reward opportunity” in the export space is through the massive upstream gas transportation and storage network that serves third-party facilities, CEO Steve Kean said.

Southern Company is acquiring a 50% equity interest in the Southern Natural Gas (SNG) pipeline system from Kinder Morgan Inc. (KMI). The joint venture (JV) partners plan to “pursue specific growth opportunities” to develop natural gas infrastructure.